Welcome to 188 Lothian, nestled inside the prestigious Belmont Lake Preserve, one of North Carolina's most celebrated master-planned golf course communities. This gorgeous 2021 delivers 2,550 square feet of open-concept living with 3 bedrooms, 3 full bathrooms, and a massive upstairs loft on a spacious 0.29-acre lot. Clean property disclosure and move-in ready. Walk through the front door and you are immediately greeted by high ceilings, smooth ceilings, and a bright open great room that flows right into the kitchen and dining area. The kitchen is a showstopper featuring granite countertops, tile backsplash, gas range, a large island with breakfast bar seating, walk-in pantry, and plenty of cabinet space. This is the kind of kitchen that actually gets used. The living room centers around a cozy gas-burning fireplace, perfect for entertaining or those quiet nights in. A flex room off the main living area can easily be enclosed for a private home office or formal dining room. The main-level primary suite is spacious and private, offering dual walk-in closets and a spa-like en-suite bath with a walk-in shower with bench seating. A second bedroom and full bath round out the main floor, making single-level living completely achievable. Head upstairs and you will find the third bedroom privately tucked away with its own full bath, plus a large loft space perfect for a media room, second living area, home gym, or guest overflow. This upper level is a serious bonus. Out back, enjoy a private patio, 2-car garage, and a well-sized yard with room to breathe. Every major system is 2021, including the heat pump, central air, architectural shingle roof, and water heater. Zero deferred maintenance. Belmont Lake Preserve is not just a neighborhood, it is a lifestyle. Ranked by Where to Retire magazine as a Top 50 master-planned community in the United States, residents enjoy an 18-hole championship golf course, pro shop, 80-acre lake, indoor and outdoor saltwater pools, fitness center, billiard room, game room, clubhouse, and an on-site restaurant. All of that for just $95 a month in HOA dues. VA, FHA, Conventional, and Cash all welcome. This one will not last. Schedule your showing today.
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Yes. Non-veterans can assume a VA loan, provided they meet the lender’s VA criteria. When a qualified buyer assumes a VA mortgage from a veteran or active-duty service member, the seller’s VA loan entitlement remains tied to the assumed loan until the buyer pays off or refinances the loan. This process restores the veteran seller’s entitlement, enabling them to use their VA benefit for a future home purchase.
Yes. All FHA loans are assumable by law as long as the buyer meets the FHA’s credit, income, and qualification requirements and obtain lender approval before assuming the loan (per FHA regulations effected December 15, 1989). Roam makes this process simple for buyers.
Generally, conventional loans are not assumable. In rare cases, a conventional loan may be assumable with lender approval. Use our search tool to find homes with assumable low-rate loans, or reach out to us if you’d like to confirm a specific home’s assumability.
